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Carbon Motors files for $310 million loan

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Carbon Motors yesterday filed for a $310 million federal loan to help it begin producing high-tech police cars in Connersville.

The Atlanta-based company submitted its application to the U.S. Department of Energy under the Advanced Technology Vehicles Manufacturing Incentive Program.

The federal program provides loans to automobile and parts manufacturers for the cost of re-equipping, expanding or establishing U.S. manufacturing facilities to produce advanced-technology vehicles or qualified components.

Carbon Motors announced on July 29 that it had selected the Fayette County community of Connersville in mideastern Indiana to manufacture its Carbon E7 police cruiser in a 1.8-million-square-foot facility formerly occupied by Visteon Corp.

The company plans to begin production with about 200 employees and ultimately could employ 1,000 - a huge coup for a county in which the unemployment rate is hovering at 16 percent.
 
 
 

"Our application unequivocally meets or exceeds all technical, business and legal requirements of the loan program, and we believe the U.S. Department of Energy will quickly realize that it is in the national security and socioeconomic interests of the United States of America that the Carbon E7 vehicle be expedited to production," company CEO William Santana Li said in a prepared statement.

The Carbon E7 runs on clean diesel and biodiesel technology. The company said it already has orders for 10,000 cars.

Despite the enthusiasm, Carbon Motors is not a sure thing. The company is a startup and has yet to begin producing any vehicles.

The Indiana Economic Development Corp. has not ironed out details of the incentive package it will offer Carbon Motors for choosing to locate in Connersville. Part of that package hinges on Carbon's ability to attract federal funding.


 
 
 

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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